Page 83 - Gabe Plotkin News Today

Retail traders caused the stock of the US video game retailer to surge and burned hedge funds that had sold the stocks short

January 28, 2021 Given all the recent wackiness, it comes as no surprise to find out that Charlotte Hornets owner Michael Jordan has a direct connection to Melvin Capital founder Gabe Plotkin. Why is it not shocking? Because Republicans buy sneakers, too, of course! For some context, back in 2019 — a year, in hindsight, we should all miss — Gabe Plotkin joined Michael Jordan and the Hornets as a minority owner. Furthermore, the NBA icon was wicked pumped to bring him into the fold. “I’...

Robinhood on Thursday halted the ability to purchase new shares of GameStop Also stopped purchase for AMC, Nokia, Bed Bath & Beyond, BlackBerry, Express In some cases Robinhood sold off shares without permission from the user  The move drew outrage from Reddit users who had driven share prices up Both parties in Congress joined the outcry, as well as Dave Portnoy and Ja Rule Senate Banking Committee planned hearings to investigate the matter  GameStop had surged more than 1,700% percent this ...

The Greatest Of All Time Weren’t So Hot In 2020 Luckily for most of them, a long track record is fairly immune to short-term mediocrity or worse. Author: RexRoi3D/Etsy Luckily for most of them, a long track record is fairly immune to short-term mediocrity or worse. As we mentioned last week, some hedge fund managers did very well, indeed, last year. A few of them even managed to do better than the Standard & Poor’s 500 Index, which as a reminder you can invest in at almost no cost whatso...

GameStop’s stock continues to soar Top Searches GameStop’s stock continues to soar NYT News Service / Jan 28, 2021, 08:57 IST FacebookTwitterLinkedinEMail NEW DELHI: Millions of amateur stock traders collectively are taking on some of Wall Street’s most sophisticated investors. They’ve piled into trades around companies that other investors had written off, pushing stock prices to stratospheric levels. The main focus is GameStop, the troubled video game retailer. Its stock is up 1,600...

Two hedge-fund legends -- Steve Cohen and Dan Sundheim -- have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. Their assailants are a collection of traders using Reddit’s wallstreetbets thread to coordinate their attacks, which seem to be focused on stocks known for being held short by hedge funds.  The struggles at some of the biggest hedge funds may have contributed to Wednesday’s 2.6% drop in the S&P 500, its wor...

Robinhood Blocks Traders on Reddit and Beyond from Buying GameStop Stock – Make Sense of the Market Mayhem GOBankingRates 1/28/2021 Dawn Allcot © Omar Marques/SOPA Images/Shutterstock / Omar Marques/SOPA Images/Shutterstock Mandatory Credit: Photo by Omar Marques/SOPA Images/Shutterstock (11683098aa)In this photo illustration, a Reddit logo seen displayed on a smartphone with stock market prices in the background. The stock market is known for its volatility, but the rapi...

« More Cyber Crimes, Attributed To Russia, Are Shown To Have Come From Elsewhere | Main | Syria - The U.S. Controlled Al-Tanf Serves As ‘ISIS’ Base - Truth Or Propaganda? » The System Is Rigged - Episode 4537: Game Stop Corp Early this week a few amateur stock trading nerds decided to promote a stock that was heavily shorted by certain hedge funds. The idea was to raise the stock price of Game Stop Corp., a vendor for computer games, by having lots of small stock traders to buy into it. T...

Justin SullivanGetty Images Robinhood is, as of Thursday morning, a stock-trading app in which you are not allowed to buy stocks. Well, certain stocks—the ones that some rich and powerful people bet against. The big one is GameStop, but theres also Blackberry, AMC, Express, Bed Bath and Beyond, and Nokia. When those stocks went up big this week, thanks to a surge of interest generated on Reddit—a phenomenon that does not, at this point, seem to have been illegal—some of these hedge-fund ...

GameStop stock, Reddit and WallStreetBets: what you need to know Elon Musk got involved, and the White House is interested GameStop logo. Credit: Smith Collection/Gado/Getty Images GameStop, a brick-and-mortar video game retailer in the US, has gone from being at death’s door to a market cap of over US$23billion as of January 28 – all in a matter of days. And who knows what it’ll be valued at tomorrow. The supposedly dying company hasn’t released a new blockbuster console, nor has it in...